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FAIR VALUE MEASUREMENTS (Tables)

4 Months Ended

Jan. 19, 2025

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents our financial assets and liabilities measured at fair value on a recurring basis (in thousands):

			Total						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Fair value measurements as of January 19, 2025:
Non-qualified deferred compensation plan (1)			$	19,405					$	19,405					$	—					$	—
Total liabilities at fair value			$	19,405					$	19,405					$	—					$	—
Fair value measurements as of September 29, 2024:
Non-qualified deferred compensation plan (1)			$	18,481					$	18,481					$	—					$	—
Total liabilities at fair value			$	18,481					$	18,481					$	—					$	—

____________________________

(1)The Company maintains an unfunded defined contribution plan for key executives and other members of management. The fair value of this obligation is based on the closing market prices of the participants’ elected investments. The obligation is included in “Accrued liabilities” and “Other long-term liabilities” on our condensed consolidated balance sheets.

The Company did not have any transfers in or out of Level 1, 2 or 3 for its financial liabilities.

Carrying Value and Estimated Fair Value of Notes

The following table presents the carrying value and estimated fair value of our Class A-2 Notes as of January 19, 2025 and September 29, 2024 (in thousands):

			January 19, 2025												September 29, 2024
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
Series 2019 Class A-2 Notes			$	697,813					$	673,277					$	699,625					$	684,875
Series 2022 Class A-2 Notes			$	1,039,500					$	955,976					$	1,045,000					$	975,507

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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